The realtor who helped sell the Houston Texans a Super Bowl-winning football team and the Super Bowl champion Houston Astros a franchise for nearly a decade is no longer a member of the Houston Association of Realtors.
The Houston Association has been criticized for being too cozy with developers and not properly representing its members.
The association has been accused of being too close to developers, and a former association member who worked for the association was fired last year after admitting to stealing confidential information from his former employer.
But the association said Thursday that the former employee was not the “chief broker” of the association.
Loughlin said in a statement that the association’s board and the realtor community have worked together to support the Houston Astros and their success over the past few decades.
The realtor has been “extremely appreciative of the continued support and cooperation we’ve received over the years, and we look forward to continuing our work together,” he said.
Laughingstock Real Estate Inc., which acquired the Texans in a deal that paid the club a record $1.8 billion, also announced Thursday that Loughlins resignation will not affect the group’s plans for a new team in 2019.
Louglin is a former president of the Association of Real Estate Brokers of America.
He said the real estate industry has always been a strong supporter of the group and that he hopes that the new team will be well represented by the association and the professional realtor business community.
He said the Houston market has seen “record, record growth” in the last decade, with a population of over 2.5 million people.
“We have a number of members who have been very successful and are doing extremely well, and I am proud to say that we are on the right track,” he added.
The Associated Press